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Qrops

Pension transfer delays expected as HMRC misses Rops deadline

Retirement | 6 Jun 17

Pension transfer delays expected as HMRC misses Rops deadline

Pension transfers are likely to be delayed and providers, advisers and clients have been left in limbo after HM Revenue & Customs failed to publish a new list of recognised overseas pension schemes (Rops) that was scheduled for Monday.

Strategic Wealth UK ordered by FCA to cease pensions business

Europe | 6 Jun 17

Strategic Wealth UK ordered by FCA to cease pensions business

Strategic Wealth UK Ltd, a Wales-based IFA which partners with offshore advisers in Gibraltar to provide Qrops and Qnups services, has been ordered by the Financial Conduct Authority to immediately cease all pension related business.

STM considers Qrops ‘buying spree’ as European units downsized

Companies | 25 May 17

STM considers Qrops ‘buying spree’ as European units downsized

STM chief executive Alan Kentish has said the cross border financial services provider is well placed to go on a “buy and build acquisition spree” of Qrops businesses, following the UK’s shock decision to impose a 25% transfer charge earlier this year.

Sipp provider Momentum clarifies asset rules amid ‘scrutiny’

Retirement | 25 May 17

Sipp provider Momentum clarifies asset rules amid ‘scrutiny’

Malta-headquartered Momentum Pensions has clarified rules around which assets it will accept into its International Sipp as chief executive Stewart Davies confirms the sector is under a “heightened level of scrutiny”.

Best Practice | 8 May 17

Five Qrops planning opportunities after 25% transfer charge

As the dust settles following the go-ahead of a 25% overseas transfer charge in the Spring Budget, David White, partner of Isle of Man-based The Qrops Bureau, sets out five key opportunities for financial advisers.

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Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.